XLM Consolidates After Sharp Decline, Testing Key Support Levels

Stellar’s native token XLM weathered intense volatility over the past 24 hours, plunging to key support levels before staging a robust ￰0￱ moves, marked by unusually heavy institutional trading activity, underscored the market’s focus on the $0.36–$0.37 support zone as traders weigh the prospects of a breakout toward higher ￰1￱ the Asian trading session, XLM plummeted to $0.36 on volumes surging above 40 million—more than double the 24-hour average—solidifying this price area as a critical high-volume ￰2￱ sell-off was quickly absorbed, with the token climbing back toward $0.37, a sign that institutional players may be accumulating positions at discounted ￰3￱ final hour of trading on Sept. 24 was especially ￰4￱ slipped sharply to $0.368 at 13:37 before recovering back to session highs of $0.369 by 14:10.

Volume spikes at 13:37 (1.27 million), 13:58 (1.19 million), and 13:59 (1.58 million) highlighted significant institutional flows driving the intraday ￰5￱ Indicators Signal Consolidation Pattern Price range of $0.01 representing 4 per cent volatility indicates active trading interest. Elevated-volume support test at $0.36 level with 40.69 million in trading ￰6￱ towards $0.37 during Asian trading hours suggests institutional ￰7￱ support zone established around $0.36 psychological ￰8￱ spikes during final hour indicate significant institutional ￰9￱ pattern formation above $0.37 support zone. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our ￰10￱ more information, see CoinDesk's full AI Policy .